Statement of EFH CEO John F. Young Regarding ‘The Carbon Principles’
“Energy Future Holdings (EFH) is strongly supportive of The Carbon Principles announced today by Citi, JPMorgan Chase and Morgan Stanley. As the result of EFH’s acquisition by an investor group led by KKR, TPG and Goldman Sachs Capital Partners last October, the company had already adopted and begun implementing the three basic principles laid out today,” John F. Young, CEO of Energy Future Holdings said today.
Energy Efficiency: EFH has committed $400 million over the next five years to energy efficiency/demand side management programs.
Renewable and low carbon distributed technologies: EFH is the largest purchaser of wind power in the state of Texas and is committed to increasing that in the coming years. EFH also continues to reduce emissions, invest in new technologies, such as one process that turns carbon into ordinary bicarbonate soda, deploy broadband over power lines and install smart meters that will ultimately provide consumers with more tools to better manage and reduce their energy consumption.
Conventional and advanced generation: EFH has begun the planning process for two Integrated Gasification Combined Cycle (IGCC) plants by issuing a request for proposals in December, 2007.
“We look forward to leading the way here in Texas as we continue fulfilling environmental commitments, like these, that were made as the result of the merger transaction,” Young concluded.
About Energy Future Holdings
Energy Future Holdings Corp., formerly named TXU Corp., is a Dallas-based energy holding company, with a portfolio of competitive and regulated energy subsidiaries, primarily in Texas, including TXU Energy, Luminant and Oncor. TXU Energy is a competitive retailer that provides electricity and related services to 2.1 million electricity customers in Texas. Luminant is a competitive power generation business, including mining, wholesale marketing and trading, construction and development operations. Luminant has over 18,300 MW of generation in Texas, including 2,300 MW of nuclear and 5,800 MW of coal-fueled generation capacity. Luminant is also the largest purchaser of wind-generated electricity in Texas and fifth largest in the United States. Oncor is a regulated electric distribution and transmission business that uses superior asset management skills to provide reliable electricity delivery to consumers. Oncor operates the largest distribution and transmission system in Texas, providing power to three million electric delivery points over more than 101,000 miles of distribution and 14,000 miles of transmission lines. Visit www.energyfutureholdings.com for more information.